Workplace productivity app Notion Labs has reached a $2 billion valuation in new funding as business booms despite coronavirus uncertainty.
The funding round comes at a time when venture capital deal making faces a prolonged decline. A PitchBook report on the effects of the coronavirus found that even though first quarter fundraising appears unaffected, valuations are declining in ongoing negotiations. Some investors are also unable to conduct proper due diligence, with meetings limited to video conferences.
As a freelancer, I've also written for The New York Times, Associated Press and other outlets. I'm a graduate of Columbia Journalism School, where I was a Toni Stabile Investigative Fellow. Before arriving in the U.S., I was a police reporter in Australia. Follow me on Twitter at @davidjeans2 and email me at [email protected]'m an associate editor at Forbes covering venture capital, cloud and enterprise software out of New York.
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